The Office for Life Sciences has pledged to increase R&D spending to 2.4% of GDP by 2027, with a goal of bumping this budget up in the future. As the life sciences industry advances at pace – in the UK and the global market - so too does the regulatory environment in which it operates. In recent years we’ve seen an increasingly complex landscape of regulation in life sciences, with changes in science and technology creating opportunities as well as challenges when it comes to working in the industry. Many life science organisations continue to develop risk and compliance initiatives despite ongoing regulatory uncertainty and the looming question of how Covid-19 will impact the sector. The introduction of the Medicines and Medical Devices Bill will give some major players in the UK life sciences sector greater autonomy, meanwhile EU regulatory requirements continue to place greater scrutiny on data security and patient safety, particularly as medical devices become more connected. So what’s the state of the life sciences regulatory landscape now, and what can we look forward to in the future?
Current challenges for regulators
Regulation in the life sciences industry aims to not only ensure the safety and efficacy of products, but also to ensure innovative therapies can pass through investigative and regulatory processes as quickly as possible. The challenges of this are myriad, particularly as technology continues to develop and scientific breakthroughs change the way drugs and devices are manufactured. As more products become more complex, regulators must establish the best – and quickest – ways to evaluate them. These products include digital pills, connected medical devices and new molecular entities – all of which have the potential to improve public health if introduced to market safely and efficiently. However, constant innovation and development is complex, costly and time-consuming, and this is hampered further by increasing regulatory requirements.
All of this rapid development and change means the regulatory landscape must acquire new skills and talent in order to meet market demand and stay ahead of the curve. This is great news for life sciences candidates who are prepared to upskill and adapt to changes in the market.
Medical device cybersecurity ramps up
The scrutiny on protection of patient data has hit fever pitch in recent years and we will continue to see an evolution in medical device cybersecurity. It was revealed that more than half of providers lacked confidence in their medical device security, with nearly one-fifth of organisations experiencing malware attacks on medical devices. The FDA introduced a Software Precertification Pilot Program that provides regulatory guidance on assessing the safety of software technologies. Since launch, the pilot programme has been working through the kinks for nine major companies – including Apple, Fitbit and Johnson & Johnson – and further streamlined regulatory oversight of digital health products, helping to fast-track these onto the market.
Closer to home, the GDPR has seen organisations across all industries pay closer attention to data protection and privacy. This has meant that within life sciences, organisations have had to secure both traditional IT systems and medical devices and ensure consent is obtained from patients before collecting and processing their information. While life sciences organisations should have already acted to ensure compliance with the regulations, ongoing work is required to ensure security is maintained as technology moves forward.
Regulators become more globally aligned
Regulation will become more cohesive across the board by 2025, according to Deloitte. Collaborative approaches such as co-regulation, self-regulation and international-coordination will see alignment on a national and international level. This will mean international agreements on rapid data sharing, databases that talk to each other and improved signal detection around the world. This harmonisation could result in drugs and products getting to market more quickly, as well as more patients participating in global clinical trials thanks to regulatory approval of tech-enabled clinical trial recruitment processes.
Technologies and robotics improve regulatory activity
Robotics have well and truly made their mark in life sciences and the adoption of this technology is only expected to continue accelerating well into the future. As robotics demonstrate their capability to perform tasks that are beyond the limits of humans, Deloitte predicts regulatory activity will be enhanced significantly by the advanced technologies. Next-generation technologies have been introduced to enable automated processes and improved regulatory oversight, while regulators will have the ability to process more data faster, allowing them to make better regulatory decisions. Real time data will help regulators work more closely with the broader life sciences industry, particularly when it comes to clinical trials. Cloud technology, machine learning and blockchain will have a much bigger impact on life sciences in the coming years while AI investment within the healthcare market is projected to reach $6.6 billion in 2021. This explosive growth of sophisticated technology will present new regulatory challenges for the industry but marks an exciting time ahead.
Look to the future with Orion
Orion Group’s Life Sciences division places candidates in regulatory affairs roles, among others, all over the UK and Ireland. We’re always looking ahead to ensure our clients and candidates are on top of industry trends. Our team of specialist consultants are on hand to help you make the important decisions in your career, like weighing up the benefits of a contract vs. permanent life sciences role. Find your next life sciences job with us.